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Search Results 0 to 49 of about 85 (some duplicates have been removed)
-- kers [laughter] the government has finally grown a pair. >> the federal government and 16 states declared a kind of legal war on s&p, the huge ratings agency. >> the justice department accuses s&p of a scheme to defraud investors. >> the feds have filed a $5 billion lawsuit against the rating agency standard and poor's, claiming that it committed fraud when it gave high ratings to risky mortgages. >> stephen: the government claims standard and poor's committed fraud by giving triple-a ratings to what it knew were worthless securities. folks, that's (bleep)! [laughter] (bleep), by the way, also gets a triple-a rating from standard and poor's. [laughter] [cheers and applause] folks, today they come for the ratings agencies, tomorrow they come for the banks, and that's the last thing our economy needs. a gallup poll found that consumer confidence in banks is already at an all-time low. that includes the 1930's, when bankers lowered confidence by occasionally landing on consumers. [laughter] and i believe that an investigation will just make things worse. i don't think the banks are
with paul krugman is ahead. why he says the deficit doesn't matter now and why the government needs to spend more money. he ran two of the most important companies and turned around general motors. i will talk les sobs learned, the state of the american future. and baubles and bling. if you have the cash they have the jewels. if perfect valentine's gift for deep pockets. jewels anyone? >> co oh co always wore two. >> "on the money" begins now. >> announcer: this is america's number one financial news program. "on the money." now, mario bartiromo. >> here's a look at the news as we head into a new week on the money. it is the u.s. government versus standard & poor's. the most aggressive move yet to hold accountable a company at the center of the financial melt down of 2008. the $5 billion civil suit charges s&p intended to defraud investors by giving securities created from subprime loans aaa ratings they didn't deserve. the attorney says not so fast. >> the government has to show in this case not that a lot of people lost money because of the investments. government has to show the s&p liter
the reality is that revenues coming into the government of the lowest levels since president eisenhower. we have to bring in more revenue . okay. when we start with the revenues the euro. that's my "2 cents more." breezy. those people in congress. that's it for tonight's "the willis report." take your joining us. don't forget to record the show. we will see right back here tomorrow night. ♪ lou: good evening, everybody. the white house tonight denies that they intentionally lead to details of the president's proposal to overhaul the country's immigration system after being soundly blasted by congressional republicans for trying to kill the bipartisan immigration deal proposed by the so-called gang of eight. the center marco rubio, one of the republican leaders of that gain was unequivocal in announcing the president's intervention in what until this weekend has been a promising approach to new immigration legislation. this so-called leak of the president's plan was politically explosive. it may have ended the process. if actually propose to the president's bill would be dead on arrival in
pays billions in fines for the gulf oil spill then gets billions more in government contracts. lindsey graham announce he will continue to block lady gaga's tour until she provides more answers about benefit -- benghazi. >>> starting with the senate and majority leader harry reid. >> republicans have made an unfortunate choice to ratchet up the level of destruction here in washington. just when you thought things couldn't get worse it gets worse. >> john: because today senate republicans blocked former republican senator chuck hagel's nomination to become the nation's next secretary of defense. this is the first time, friends in our nation's history that a filibuster has been used to block a president's nominee for that position. the final tally 58 for 40 against and one senator utah's orrin hatch voted present. wow, harry you couldn't see this coming, to cow? senator reid has mildly apoplectic after the votes were cast. >> they're filibustering him. that's what they're doing. i'm going to say i'm sorry sorry this has happened. >> john: harry reid showing the lack of outrage and passio
will have full coverage. among the stories vice president by then declares the government has the power to decide what kind of guns citizens may own. we will examine the historic role in the obamacare obtain and chicago police show a worsening wave of crime and now the murder capital of america, police asking for the 12 percent raise. but we will begin with a massive snowstorm affecting 50 million people blizzard warnings are in effect means through new york city in some locations are expecting between two and 3 feet and not expected to dissipate until sunday. officials asking everyone but the essential public workers to remain at home and governors of new york york, massachusetts and connecticut and rhode island already declared states of emergency, widespread power failures are expected including flooding in the high tide, airlines have canceled 4,000 flights through sunday and amtrak has suspended all train service until further notice any urologists are comparing this to the 130 years ago, 1978 -- 30 years ago ago, 27 inches in providence and the aftermath was devastating. that kill
strategy, it did program to fight attacks on government and corporate computer systems, especially computers in the nation's critical infrastructure. recent cyber attacks against the "washington post," "new york times," "wall street journal" and twitter have highlighted the issue, chinese hackers suspected in most of these attacks, but building a unified national cyber security program has been hung up by concerns of some companies over their privacy and customer's privacy, protectionn3 of their intellectual privacy, backdoor government mandates and liability protection for businesses that share computer security information. as a result, the government is moving cautiously with corporate america. >> it is your framework, not ours. the goal for the private sector to produce security responsive framework to proceed. leader: to get the ball rolling, the new executive order would allow government intelligence agencies to start sharing more information with companies on a voluntary basis but the government itself updated its own standards and the administration is seeking legislation
of reef alty. >>> more states could be right behind it. >>> plus, the government giving away free cell phones to low income americans, what could possibly go wrong? a bombshell report reveals a special program rampant with abuse. more "money" coming up. ♪ . i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer through 6 months. [ male announcer ] enel may lower your ability to fight infections. serious, sometimes fatal events, including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for berculosis and discuss whether you've been to a regio where certain fungal infections are common. you should not start enbrel if y
extending the drop. 4.3%. prices dropping to the lowest level in nearly five years, following a government report showing you less than forecasted last week spewing we have mark sebastian and our market panel. kimberly fox. i would like to start with this. don't let a tight range, although the dow was in the 68-point range, but don't let this narrow trading range cloud your vision of what happened. what happened here today? >> you know, we have continued through this trend. it is no longer by the market. you have to be smart about compilations, tons of action out there in individual equity. hopefully getting smoked today, if you are a good equity kicker, smart about the stocks that you buy, you will do great. if you're bad, you will lose. this is something we haven't seen since the financial crisis of 2008. the great time for the rest of 2013. except a nice tone for how traders should approach trading. you cannot just say that the stock market will go up because the s&p is coming around. there are stocks moving within the s&p 500. >> let's talk about gold. for while you couldn't lose. but
the state of the union. john? >> reporter: hey, joe. this was government activism that president obama offered for an age of limited resources. the biggest new initiative he offered was an increase in the minimum wage over three years from 7.25 to $9 an hour. the burden for that would be placed, of course, on employers. he offered a laundry list of proposals domestically on education, on energy, on infrastructure, but he made the point to members of congress that none of them would add to the deficit because they were all going to be paid for by offsetting spending cuts. of course, he's not reached agreement with the congress. on here's the president last night. >> nothing i'm proposed tonight should increase our deficit by a single dime. it is not a bigger government we need but a smart or government that sets priorities and invests in broad-based growth. let's set party interests aside and work to pass a budget that replaces reckless cuts with smart savings and wise investments in our future. let's do it without the brinksmanship that stresses consumers and scares off investors. [ ap
and improve our infrastructure, but not by raising taxes. there is plenty of money in the federal government. it is time to find ways to spend it more efficiently. dagen: congressman, thank you very much. that is not the idea that the president throughout their last night. congressman of montana, take care. thank you for being here this morning. connell: another thing we heard from the president was a shout out for apple. the company announcing plans to bring back a new factory jobs back to the united states. connell: let's take a look at oil. 97.45. not moving much today. we will be right back. ♪ i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk inclu
public governments across europe and the united states sort of pulling out their fiscal supports too soon and that's hurting the middle class. >> reporter: of course conservatives consider bloated public spending a burden that threatens long-run economic growth which would hurt the middle class. and that's part of the problem, there are sharp differences over the best way to generate middle class jobs. and there is also a cultural piece of the puzzle. tucked away in our collective memories is the id that a mide class jorequiring hard work and basic skills can and should support a family for life. >> we came out of world war two with a very, very untouched economy and the rest of the world was in ruins literally. and we benefited enormously from that and people think back to that era and think, gee, we should be able to do that again. >> reporter: but that is less and less likely in a world where global competition and rapidly changing technology are washing away and replacing middle class work. faced with these challenges, the president offers two solutions: more training and more investm
to the average person? why does a huge government debt impact businesses? >> at the end of the day, the issue is there's so much debt on the government's balance sheet that we have to cut back on spending as well as stimulus, and when you think about the dollars injected into the system, some of that will be cut back as well. that's the concern in terms of it doesn't have a question mark on the consumer and put a question mark on how much investment is put forth. >> they are already connecting the dots saying somebody has to pay for a someday, me or my customer. interesting that 68% of u.s. ceos say building a skilled work force should be the government's top prior pickups. what is the government going to do about it? >> they don't see the long term skill set creation to ensure stainability, and literacy or lack thereof, the big k-12 grades are the challenge. how much do i have to continue to invest to supplement what basic education and schools system, should be doing today? >> they are looking at what they have to do to fix the problem themselves? >> yeah, companies think, listen, i'm think
up, but first, risky federal programs. by that i mean a new report by the government accountability of this unveiling the 30 federal programs and operations that3 have the highest risk for race, fraud and abuse, six of which have been the lowest ever since it was first released in 1990. with more on this demand editorial board member of the wall street journal. my question was, only 30? >> that's right. this is only the latest lesson. if you go over the reports from the last ten years are so you're going to find literally hundreds of programs that have been on the watch. by the way, i go back to the early 1980's when you have the famous reports of the regular administration that found huge events of ways, many programs still exist, and the reason i think this story is important is we are coming very close to this point where we are going to have these automatic across-the-board cuts of about five or 6 percent in his domestic programs. the agency heads will say we can't take these cuts. it will require, you know, cuts of valuable services, and vatican support for the american people
'll ask top names like bob lutz, obama supporter robert wolfe, and many more. >>> speaking of government meddling, red flags up again about obama care. killing jobs, even government jobs. one of the nation's most prominent surgeons told president obama to his face at last week's national prayer breakfast that he has a much better idea nap surgeon is going to join us this evening. "the kudlow report" begins right now. >>> first up, call it the marijuana shocker. the pope is stepping down. pope benedict xvi announced his decision this morning saying he no longer has the strength to carry on with his mission as the leader of the 1.2 billion catholics around the world. here now is news vatican analyst george wiegel. and spokeswoman kathy ruse, now with the family research council. good to see you. i'm not kidding. i think this is the most profound act of humility and something that everybody in the world can learn from. your take? >> i think that's right, larry. this is a man of faith. he's a real disciple of jesus christ. he wants to serve. and when he can no longer serve in the way he's be
of your big customers are governments on every level. how did cisco avoid the financial struggle of those marketplaces this last quarter? talk to us about government and europe which were the two soft spots. >> sure. well, maria, i wish i could tell you we avoided them. what we did is those are clearly negative drives on the growth. our growth numbers were extremely good. if you look at europe we are starting to see potentially early signs of improvement there, but i wouldn't think of europe as one europe. think of it as germany, northern europe, uk, central europe, southern europe and eastern. the northern and uk europe are actually showing early signs of turning the right way. southern europe is really going to be challenged for a while so it was mixed in europe. we did start to see government, however, around the world loosen up the purse strings a little bit. nothing to write home about but in the u.s., for example, state and local governments grew for us and federal was not down year over year as we've seen in prior quarts. >> do you have any clarity on what this tells you in terms o
. but the government's books will continue to be weighed down by heavy debt. that's even if plans go ahead to raise a sales tax. there's a one in three chance of a downgrade this fiscal year. this is as the japanese prime minister shinzo abe says he will consider changing the bank's mandate. he didn't comment on current policy. all this as investors determine who will become the bank of japan's next governor. front runners for the post include former bank of japan deputy governor and the head of the asian development bank harikahiko tura. >> we did catch up with taro at a meeting this weekend in moscow. the next boj governor was covered, but the first question, whether mr. aso thought the g-20 communique was an endorsement of japan's domestic stimulus plan. >> japan has repeatedly tried to explain that japanese policies are taken to overcome deflation and by all means, these are measures to overcome deflation as well as the recession. that's what is being said in the second paragraph of the communique. >> why do you feel, then, certainly from the g-7 communique that the off the record briefings con
to corporate profits. one role for the government to play, that sharing has to come from government policy. they see that as what you need to keep a strong consensus for sort of a pro-growth capitalism. i want to see if you agree with it. >> one of the things i remember talking about in 2008, when very few people knew who austin goolsby, he would say this is a really wonky thing, one thing very important to senator obama is the refundability of tax credits and cuts, the idea that if you're going to cut taxes you have to make sure you're doing it in a way to help people who are not paying that much in income tax. right, a big issue on the right, right? the 47%. but obama saw this issue as look, we have had a big increase in pre-tax inequality, market inequality. and also in the last 30 years we had the biggest tax cuts going to the top. he wanted to reverse it and have the bigger tax cuts going to the bottom. >> i just want you to know i knew who austin goolsby was in 2007. >> good to see you. >> and seriously, there is a single fact in the budget, a single number that explains a lot about
. the government is dumping money into solar and wind power. but is nuclear power being left by the side of the road? the industry faces daunting challenges with the government playing favorites. we speak exclusively with the ceo of westinghouse electric. >>> north carolina makes radical new cuts to jobless benefits that will allegedly help boost businesses. should other states take notice, or will it discourage unemployed workers? one of the state senators backing the cut is here to explain. he is brave. >>> a new king of the friendly skies. american and us airways merge with the biggest airline but will passengers be stuck at the gate? the head of travel north america joins us exclusively with a inside scoop. even when they say it is a not it is always about "money" melissa: our top story tonight, the newest areas in government that are officially named as high-risk for wasting and abusing your tax dollars. the government accountability office puts out the report every two years. and the one released just today specifies 30 different areas in danger of creating wasteful spending or eve
and of using your tax dollars. hooking people up who did not qualify for this government program. dagen: did they bother to check? talking about the cell carriers and skip the charge cards, use twitter, the new deal that will let you tweak your payments. connell: that sounds a little dangerous. we have neil cavuto talking about the state of the union. with nicole petallides at the stock exchange and stocks, good morning. nicole: we are taking a look at market, 13,999 and change and 14,000 on the dow jones industrials and certainly have a lot of winners to speak of which we will get to in a moment and the tech having nasdaq trying to squeeze out a gain here, the s&p sitting well above the 1500 mark. traders thought there would be a pullback, can't predict one of those because the trend remains to the upside and as we continue to have higher lows and higher highs, and at the same time nervous to go longer on this market because it is up so far so fast and talk about names that are helping the dow long, retail index, bank index, bank of america, travelers, j. p. morgan, american express are a f
with that in particular? >> first of all this is government at its best. you have the president up there blaming the republican party and what is funny this is the president's idea to begin with. but the way government plays instead of looking at good programs and bad programs they want to be politically correct which it is political correctness killing this country, they want to wave a magic wand, all programs are treated the same. why don't we take a business approach like we do in all companies. look at things that are working and reward them and get rid of things that aren't working. there are a lot of programs in our government that makes no sense. a lot of duplicate programs, our own senator from the great state of oklahoma, pointed it out, senator coburn and the senate wouldn't pick it up. instead we'll cut across the board and hurt things that really mean a lot to people that --. melissa: congressman, is there something you can do about that in the short term? can you get a group of people, get out a pencil, get out a calculator and figure out what is not working? i agree with everything
% believing our government has a spending problem. nancy pelosi had this to say on fox news sunday. >> it is almost a false argument to say we have a spending problem. we have a budget deficit problem that we have to address. right now we have low interest on the national debt and it is a good time for us to act to lower that deficit. we think they must be reduced. we are sick and tired of paying interest on the national debt. that is a large percentage of the budget. it is lower now because of the lower interest rate. dagen: i do not speak pelosi. let me see if i can translate what she was saying. she does not believe there was a spending problem. the budget deficit and budget cap should be fixed -- >> i think she is talking out of her -- i do not think there should be any tax increases. i think it is time for the fiscal deficit to call it off and a clear victory. there are signs we have gone too far too quickly. left or right, i am very happy to hold off on these tax increases which i think will appeal to a lot of people. i am in equal opportunity growth guide. both sides of the
place, by saying, okay, the government is going to step in and shore up these companies with these dollars, it send a signal and the signal is this. that, the government will step in, when a, industry and institution, that is deemed systematically important, that means it is important to the nation's economy. if they run into trouble, the government is basically said, we will come in, and bail you out. david: right. >> and that's the real problem with these programs is that --. david: here is another problem with the program. everybody seems to agree a lot of banks like citi and others were just too big. they got too involved. >> right. david: when you had a systemic problem it led the entire collapse or could have led to the entire collapse of the bank and the financial system. the problem is after tarp which we were told solve or at least partly take care of too big to fail, we are more concentrated than ever. the top five banks have a greater percentage of all assets than they did before this crisis. so tarp is actually, i don't know if it had an effect there but cert
a follow on to the kind of inauguration address where the president talked about the role of government in society. tonight, i think he's going to talk about pretty robust role of government in the economy and he's going to focus on mice. not the rodent. it's an acronym for manufacturing, infrastructure, clean energy and education. those are the four topics i think you're going to hear. >> there are republicans around the country rolling your eyes as you're saying this. >> yes. i understand that. i think part of the president's job tonight is to explain how he's going to bring republicans along, but remember, he's talking over the republicans to the american people -- >> what happened to the middle? >> let me just say, the complaint -- i think the complaint against the president and the congress in general has not that they're not talking to what americans care most about right now which is the economy ask jobs. and that's true. the budget deficit -- >> he was talking about 18 and 19. >> i'm just saying that -- >> global warming and what was the other thing? >> there's immigration, ther
. >> and president obama used his state of the union address to challenge a divided congress to make government work for the many. the president touched on a wide range of issues including gun control and immigration. his hour-long speech focused mainly on the economy. he's backing higher taxes on the wealthy, more spending on infrastructure, and manufacturing jobs. the president also proposed hiking the u.s. minimum wage to $9 an hour, tying it to the cost of living increase. he also urged lawmakers to resolve the budget battle that will result in billions of dollars in automatic spending cuts on march 1. >> let's set party interest aside and work to pass a budget that replaces reckless cuts with smart savings and wise investments in our future. let's do it without the brinksmanship that stresses consumers and scares off investors. the greatest nation on earth -- [ applause ] >> the greatest nation on earth cannot keep conducting its business by drifting from one manufactured crisis to the next. [ applause ] >> we can't do it. >> and on foreign policy, the president says he'll withdraw about half t
that the government was severely handicapped, likely by not having anderson at trial. he was held in contempt armed spent fight -- contempt and he spent quite a bit of time in jail. they were not able to prove the false statements. so they went to the obstruction charge based on evasive, not necessarily untrue statements. >> reporter: how long will we get an answer? how long before bonds knows. >> probably six months. hard to say. it will be measured in months rather than weeks. >> reporter: william keen, thank you for joining us. taking us through what we can expect today. not a very long hearing. ten-year journey getting us here but months until we'll get an answer. live here in san francisco, claudine wong, ktvu channel 2 news. >>> an east bay mischief that topped 100 miles an -- police chief that topped 100 miles an hour. what prompted the chase and the suspicious item police found on the driver. >>> together we've cleared the stay the crisis. we can say with renewed confidence that the state of our union is stronger. >> reaction from a local congress member to the state of the union address co
, are vulnerable to attacks. so he's calling on congress to pass legislation to give the u.s. government the capacity it needs to secure our networks. the president also issued an executive order, to create cyber security standards for u.s. businesses, and for the government to share more information about threats. but cyber security experts, say while that sounds easy, it's hard to do. >> you can't just inform one party necessarily, you might really have an obligation as a government to inform every player in a sector, and then of course that's a high bar, because you're sharing the information with a lot of people which increases the likelihood that it might get out back into the wrong hands. >> susie: beckstrom says the threat of cyber attack or manipulation to critical infrastructure like the power grid and transportation systems is much worse than most people expect. from the "ramones" to the "clash," still ahead, investing in punk rock history, and the prices might surprise you. after the closing bell on wall street today, record revenues for cisco systems: $12.1 billion. that gave
that 25% of the revenue comes from government contracts and the united states and europe, and if we look at austerity measures at the two large economies, cisco can't go through that without having a bit of a hit to the revenue on that. ashley: charlie, a big part of cisco's operation, in fact, 20% of the revenue comes out of europe, and we know the problems that europe has had. how concerned are you about that for cisco going forward, or do you think europe is getting its act together? >> i don't think europe's getting its act together. we've actually seen a little bit better expectations about the enterprise business from cisco. obviously, the government business is weak. they sold off consumer oriented businesses so i wouldn't be so much concerned about a revenue miss at kiss koa trying to concentrate on the profitable business. look at the margins more than the slight revenue miss. liz: okay. is that what you do when earnings come out of the stock you own, look at the margins? >> well, i mean, we saw it with apple. the trend in gross margins was what people were concerned about. when
, the vision is get washington out of the way, big government out of the way. that is a real vision. he reduce the deficit and get the economy growing again. we have more revenues coming in. but the problem is president obama is spending more than what is coming in. gerri: so many problems. jeffrey maier and come up over to you. all of the programs that the president wants to put into place. if we had to spend that much money again to stimulate the economy, would work we might. >> i dont tink it would because the programs in question along with a whole range of existing programs actually reduce t efficiency of productivity of the economy. they requir taxes to be raised in the future due be paid. backwards.k it is exactly what we need to be doing is cutting spending and keeping taxes low of what the president wants you and what about all of this class warfare? we heard it last night. listen to this. >> we should do what leaders in both parties havarti suggested. we should save hundreds of billions of dollars by getting rid of tax loopholes and deductions fromhe well-connected. gerri: well-off,
's new stadiums. we are live in their water, florida. rich: we are at spring training. government dollars, taxpayers, major league baseball, we will have it all coming up. ♪ dagen: when it comes to our nation that, following president obama's plan to put the united states on a path to becoming worst off than greece in 22 years, this is according to a recent barron's article. we have two guests with us today. i am not biased based on the origin of where i came from. ladies, it is great to see you. i want to know, why is this not a problem? why should we not worry? >> we absolutely should. the fact that it was in the lead story and barrens is a very respected news organization, not interested in scoring political points. they point out that the president said, the state of the union is strong. compared to what? we are in a serious problem here. the president is saying that the deficit is under control. we are not in good shape. we need to be concerned about the fact that we are heading straight towards greece. no need to worry right now. why is there reason to act? >> you have two scenari
at the corporate governance issue. are they reinvesting in the business for growth? i actually think the big surprise for a lot of people is how strong growth could actually be. not necessarily those that pay a dividend, but those that create shareholder value. >> that would be something we want to see given we've been on this stagnant move. final word here, go ahead, sir. >> maria, one thing. we forget demographics. they talk about the fed pushing on a string relative to interest rates where the inflation rate is. but demographics, there's a huge swath to this country that no matter how you make the only game in town, they're going to stick with their investments because of where they are in the maturity cycle of their own lives. >> yeah. that's a fair point. absolutely. >> until it starts creeping up. once it starts to creep up and people get their statements, people are going to become worried. if the bond market moves 50 basis points, people are going to lose their whole coupon for the year. >> great point. we'll leave it there. >> let's face it. it's not just demographics. >> final word
isn't just between big government and big business. >> that brings us to this morning's squawk. >> it was a tough gig. >> exactly. >> other than samsung and golden spring, what product shid mshoud marco rubio be a spokesman for? it was an ungraceful move to get -- to go out of frame and get the bottle. do i do it, do i not? >> the irony is a lot of people saw that as him opening his campaign for the candidacy of the gop last night. for 2016. because of the way in which he addressed it. it was much more to the rank and file to the gop than mainstream america. >> that's true. we're also saying it neither helped nor hurt him. >> no. >> it was sort of middle of the road. and unremarkable. aside from the -- >> a young politician. mark zuckerburg is hosting a fund-raiser tonight for new jersey governor chris christie who is seeking reelection. jane wells is at the expo in california. good morning, jane. >> hey, simon. this is a massey ferguson wind rower, can be yours for $175,000. farmers have money and they're spending it despite the drought. the usda said the good times may not la
. but despite that turnaround, lawmakers still need to make major cutbacks in order to keep government debt in check. >> susie: the group of seven industrialized nations issued a statement today saying that any stimulus programs they undertake are aimed solely at spurring domestic demand and are not an effort to weaken their currencies, but this aggressive monetary policy, and what some call "turning on the printing presses," means currencies get weaker. and while that makes exports cheaper for overseas buyers, not everyone benefits. ruben ramirez reports. >> reporter: if there was any doubt how interconnected economies around the globe are, you need look no further than what's happening in the currency markets as governments try to spur growth. >> the difficulty of achieving that i think is why you are seeing the issue of currency wars coming up more and more. >> reporter: the g-7, which includes countries like the united states, the united kingdom and germany, issued a statement saying that it wants to jumpstart domestic growth without explicitly targeting a currency exchange rate. curren
Search Results 0 to 49 of about 85 (some duplicates have been removed)